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, QVM Group (249 clicks)
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In this search, we looked for what we call a "perfect positive fan," meaning each of the price, the 20-day, 50-day, 100-day and 200-day averages stack one above the other in order, with price on top and the 200-day average on the bottom, and with a positive linear regression slope over 200 days.

To that we add a liquidity minimum of $20,000 volume per minute on average daily for three months, and also on the last trading day (2011-05-23).

From all ETFs, here are the 12 that passed that screen:

  • (NYSEARCA:DVY) iShares DJ Select Dividend Index Fund
  • (NASDAQ:IBB) Biotech iShares
  • (NYSEARCA:IHF) iShares Dow Jones U.S. Healthcare Providers
  • (NYSEARCA:IYT) iShares DJ Transportation Average Index Fund
  • (NYSEARCA:IYZ) iShares Telecom
  • (NYSEARCA:PFF) iShares S&P U.S. Preferred Stock Index Fund
  • (NYSEARCA:PPH) Pharm Holders
  • (NYSEARCA:SDY) SPDR S&P Dividend Index
  • (NYSEARCA:XLP) Consumer Staples Select Sector SPDR
  • (NYSEARCA:XLU) Utilities Select Sector SPDR
  • (NYSEARCA:XLV) Health Care Select Sector SPDR

Conservative, defensive ETFs take the day, with the exception of the transports and biotech which may not be normally thought of as defensive.

Disclosure: We hold DVY, PFF, SDY and XLU in some but not all managed accounts as of the publication date of this article.

Disclaimer: This article provides opinions and information, but does not contain recommendations or personal investment advice to any specific person for any particular purpose. Do your own research or obtain suitable personal advice. You are responsible for your own investment decisions. This article is presented subject to our full disclaimer found on our site available here.

Source: What Equity ETFs Are Working Now (2011-05-23)?